Certified in Risk and Information Systems Control (CRISC) — Question 633

You are the project manager of a large construction project. This project will last for 18 months and will cost $750,000 to complete. You are working with your project team, experts, and stakeholders to identify risks within the project before the project work begins. Management wants to know why you have scheduled so many risk identification meetings throughout the project rather than just initially during the project planning. What is the best reason for the duplicate risk identification sessions?

Answer options

• A. The iterative meetings allow all stakeholders to participate in the risk identification processes throughout the project phases.
• B. The iterative meetings allow the project manager to discuss the risk events which have passed the project and which did not happen.
• C. The iterative meetings allow the project manager and the risk identification participants to identify newly discovered risk events throughout the project.
• D. The iterative meetings allow the project manager to communicate pending risks events during project execution.

Correct answer: C

Explanation

The correct answer is C because the iterative meetings are essential for identifying new risks that may arise as the project evolves. Option A, while beneficial, does not specifically address the need for ongoing identification of new risks. Option B focuses on past events, which is less relevant, and option D mentions pending risks but does not capture the proactive nature of identifying new risks.